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A professional who makes appraisals of the value of property. some specialize in real property, and others in other types of assets from rugs to rings. a careful, well-trained and practical appraiser may be more important than any other professional in a transaction, since one who grossly undervalues or overvalues property (or has no knowledge of true value) can wreak havoc. where possible, a person should ask for a profile of other clients and training, and ask whether the appraiser is “mai” (member, appraisal institute).

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